Login
Multibillion-dollar Vocus acquisition complete
Gilbert + Tobin has advised Macquarie Infrastructure and Real Assets and its managed funds on its acquisition of Vocus Group Limited by scheme of arrangement.
Emma Musgrave
Firm: Gilbert + Tobin (Macquarie Infrastructure and Real Assets and its managed funds MIRA and Aware Super).
Value: $3.5 billion.
Area: M&A.
Key players: The Gilbert + Tobin team was led by corporate advisory partners Costas Condoleon and Kevin Ko, with support from lawyers Wes Bainbridge and Andrea Bennett.
Banking and projects partners John Schembri and Adela Smith advised the consortium on its debt arrangements together with lawyer Melissa Ramsay.
The team received added support from consultant Peter Waters, partners Michael Caplan and Lesley Sutton and lawyers Nicola Jackson, Maria Eger and Melissa Ramsay.
Deal significance: Vocus is an ASX-listed telecommunications company offering fibre and network solutions connecting all Australian mainland capitals with Asia and the US.
As per a statement provided by Gilbert + Tobin, this transaction was implemented via a scheme of arrangement under which 100 per cent of Vocus was acquired by the Consortium, with Vocus shareholders receiving $5.50 cash per Vocus share.
Commenting on the deal, Mr Costas and Mr Ko said: “It has been terrific to work with MIRA and Aware Super and their outstanding teams on this landmark transaction.
“This deal continues the growing trend of sponsors and superannuation funds targeting ASX-listed companies and infrastructure type assets.”
Further commenting, Mr Schembri and Ms Smith said: “The Consortium has secured a substantial and market leading debt package which will provide flexibility to support the long-term needs of Vocus into the future”.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
Email Emma on:
